Superior Bank, in which her uncle held a majority stake and she
served as chairman until 1994,
failed in 2001 after the bank’s holdings of subprime
mortgages exploded. The bank was ultimately taken over by the
FDIC.

Pritzker would replace acting Secretary Rebecca Blank, who
stepped in to fill the position after John Bryson resigned from
the post following
a series of hit-and-runs.

This Pritzker pick would continue the tradition of high-powered
business executives, such as Bill Daley and Peter Peterson,
stepping into this role.